Cost of Goods Sold Deep-Dive Analysis

VIP SOLUTIONS CASE STUDY

BACKGROUND

Our client did not have confidence in the monthly COGS recognized in 2020. Margins fluctuated in
unpredictable ways that were not inline with business performance.

OBJECTIVES

VIP Solutions Case Study

Review cost of goods (COGS) process on orders

VIP Solutions Case Study

Identify process improvements to address timing of receipts and shipments

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Implement processes to enhance accuracy of cost of goods

VIP Solutions Case Study

Prepare process narrative to serve as training

SOLUTIONS

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Developed cost analysis process to validate COGS every month

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Developed closing procedures to enhance accuracy and credibility of reporting

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Prepare process flowchart and narrative to serve as training

Developed process to ensure accuracy of COGS and facilitate margin analyses at a product level

STATUS DOCUMENTATION

VIP’s Project Status documents enabled an on-time delivery of project goals by outlining the timelines and status of tasks and objectives, keeping the client informed throughout the process.

Cost of Goods Sold Deep Dive Analysis